I Squared acquires Elea Data Centers - Brazil

I Squared Capital has acquired a majority stake in Elea Data Centers in a deal valued at approximately $1.5 billion. Elea operates over 300 MW of capacity across Brazil with an additional 1 GW in development, making it one of the largest data centre platforms in Latin America.

The acquisition reflects the growing investor appetite for Latin American data centre assets as the region's digital economy expands rapidly. Brazil, as Latin America's largest economy with over 200 million internet users, is the primary target for hyperscale and enterprise data centre demand.